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When our great-grandfather Seb Ancestor built Ancestor Fields Farm 140 years ago, he was guided by a vision of earth-borne food harvested and passed along to the consumer as naturally as possible. His original dream began with fresh grains and produce handpicked by one of his four wives, straight from Seb’s family to yours.
Six generations later, as Ancestor Fields has grown over the years, we’re happy to say we’re still operating from Seb’s original vision of good food for good people, with only a few changes.
For instance, instead of running on the sweat and blood of Seb’s original four wives, our farm is now worked by eighteen different pairs of hands,1 also belonging to some wives, not all of whom are married to the same man. That’s right, our grains are now harvested by the wives of a small assortment of husbands, as opposed to just one.

- by Aeon Video

- by Elissa Strauss
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July 10th, 2024: Happy Wednesday! Or perhaps the leisure society, or the choice society. As Mark Pontin pointed out, manufacturing is increasingly automated, with one Chinese factory reducing workers by 90%. This is the future and not just in manufacturing. Whenever you point this out, people panic, scared of the jobs going away, but that’s ridiculous. If we can produce more with less workers that should be a good thing, not a bad one. The problem is our insistence on distributing the good, or at least acceptable life thru jobs, a holdover from pre-Industrial revolution times, when every worker was often needed.
What is happening now? The onset of the COVID-19 crisis highlighted the importance of having timely data on the
economy to help policymakers make more informed decisions. However, the most comprehensive measure of activity,
GDP, is published with a long lag, thereby limiting its value to policymakers as a measure of the current state of
the economy. To overcome this information deficiency, we develop a monthly activity indicator (MAI) for Australia.
The MAI aims to provide policymakers with a more immediate snapshot of prevailing economic conditions. We achieve
this by using a dynamic factor model to summarise the information content from a curated list of 30 monthly
predictors selected for their ability to explain movements in quarterly real GDP growth. We undertake a pseudo
out-of-sample nowcasting exercise using the MAI in an unrestricted MIDAS model and find that nowcasts based on the
MAI significantly outperform standard benchmarks. Crucially, outperformance is largest during the COVID-19 crisis,
emphasising the benefit from considering monthly data.
Dear ES/PE community members, find below an abundant and excellent list of great academic opportunities: 14 calls for papers for conferences (some are partly funded) and special issues, 11 postdoc positions, 9 PhD scholarships and fellowships, 4 job openings, 3 summer schools, and a visiting fellowship in economic sociology, political economy, work and labor studies, […]
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